Stakeholder network for developing open innovation practice of China's manufacturing enterprises

Lyu, Bei; Rui, Yong; Fan, Guangcan; Zhang, Yuezhou

doi:10.1016/j.heliyon.2023.e13192

Cited by 14 publications

(7 citation statements)

References 94 publications

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“…Te monetary compensation of senior executives can efectively promote the R&D investment of enterprises, but the promotion efect of equity compensation is not obvious [48]. Some scholars have found that the characteristics of stakeholder networks are closely related to open innovation performance [49]. In particular, venture capital institutions promote open innovation by strengthening executive compensation incentives in the company [50].…”

Section: Te Moderating Efect Of Executive Compensation Onmentioning

confidence: 99%

The Differential Moderating Effect of Executive Compensation on Innovation Investment and Cash Holding Value in China

Zhang

Shao

Wang

2023

Discrete Dynamics in Nature and Society

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In the context of technological innovation promoting the long-term sustainable development of enterprises, how to better motivate senior executives to create greater value for an enterprise is being widely discussed. In particular, the COVID-19 outbreak has raised concerns about whether companies can deliver more value by holding large amounts of cash. However, although scholars have conducted a lot of research on topics such as innovation and firm value, how differentiated executive compensation incentives regulate the relationship between firm innovation and the value of cash holdings has hardly been explored. This paper selects the balanced panel data of 1470 A-share listed companies from 2012 to 2020 in China to explore the relationship between innovation investment, executive compensation, and the value of cash holdings. It is found that innovation investment has a positive impact on the value of the cash holdings. Based on Herzberg’s hygiene motivational factors, different types of executive compensation may have a hygiene effect or a motivational effect, which is different. As a result, the moderating effect of executive compensation on innovation investment and the value of cash holdings are significantly different. Executive equity compensation and in-service consumption are motivational attributes. They have a positive moderating effect on innovation investment and the value of cash holdings. The moderating effect of executive monetary compensation on innovation investment and the value of cash holdings changes with the change in monetary compensation. When monetary compensation is lower than the threshold value, monetary compensation is reflected as a hygiene attribute, so it has no significant positive moderating effect on innovation investment and the value of cash holdings. When monetary compensation is higher than the threshold value, monetary compensation is reflected as a motivational attribute, so it has a significant positive moderating effect on innovation investment and the value of cash holdings. Meanwhile, it is tested that monetary compensation is not manipulated by executive compensation defense behavior when it is reflected as motivational attributes.

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Section: Te Moderating Efect Of Executive Compensation Onmentioning

confidence: 99%

The Differential Moderating Effect of Executive Compensation on Innovation Investment and Cash Holding Value in China

Zhang

Shao

Wang

2023

Discrete Dynamics in Nature and Society

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“…The reactive techniques refer to ESG information provided by businesses in response to unfavorable or major occurrences. For years, the company’s strategy for delaying the rise in legality issues has been utilized to put legitimacy ideas to the test [ 55 – 57 ]. Birkey et al [ 58 ], evaluated whether or not there is a significant relationship between the corporate sector and the importance of ESG reporting [ 59 ].…”

Section: Development Of a Theoretical Framework And Hypothesesmentioning

confidence: 99%

Green R & D investment, ESG reporting, and corporate green innovation performance

Rauf,

Wanqiu,

Naveed

et al. 2024

PLoS ONE

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Given the contradictory empirical evidence on the relationship between green R&D expenditure and corporate Green Innovation performance (GIP), The present research study is a distinctive investigation into the moderating impacts of ESG reporting on this relationship. We utilized a data collection of 3,846, firm-year observations of A-share listed firms in China from 2016 to 2022 from CSMAR and Bloomberg databases. The firm’s Corporate GIP is assessed and measured by looking at the total quantity of green patents. Lastly, models with multiple regression analyses and fixed effects were employed. The findings show that ESG reporting has a positive and significant impact on the association between corporate GIP and green R&D expenditure, implying its compensating and supportive function in the form of green signals in green outputs. This research could help executives and lawmakers, especially in developing countries to build innovative environmental strategies for business sustainability.

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“…Party membership increases the likelihood of job opportunities within the state system and a sense of belonging and identity to the state system, especially in less economically developed regions where the political consciousness of CPC members may further strengthen their desire for the state system and exhibit “risk aversion” (Lau et al, 2009; Liu, 2003), and institutional dependence and risk aversion can create a psychological “comfort zone” for some political elites, resulting in greater stability (Luo et al, 2022; Lyu et al, 2023; Marquis & Tilcsik, 2013; Tversky, 1992). Therefore, the increased probability of joining the Party due to military experience is another possible mechanism by which veterans are less likely to engage in entrepreneurial activities.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Military Experience and Individual Entrepreneurship—Imprinting Theory Perspective: Empirical Evidence From China

Wang

Wang²,

Lyu

et al. 2023

SAGE Open

Self Cite

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Military experience, as a special early experience exerts a very profound impact on individual decision making. This paper investigates the impact of military experience on male labor force entrepreneurial choices and its underlying mechanisms, using the 2014 to 2016 China Labor-force Dynamics Survey data. It is found that military experience significantly reduces the probability of individual entrepreneurship. The analysis of the influence mechanism shows that military experience inhibits survival entrepreneurship mainly by increasing employment opportunities in state-owned units, increasing the probability of becoming a member of the Communist Party of China(CPC), and accumulating human capital. This paper also finds that the inhibitory effect of military experience on individual entrepreneurship varies across household registration groups and is more significant for laborers with non-agricultural household. This paper not only reveals the impact of the military experience on individual entrepreneurship choices, but also provides empirical evidence for the development of innovation and entrepreneurship policies in emerging economies.

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Stakeholder network for developing open innovation practice of China's manufacturing enterprises

Cited by 14 publications

References 94 publications

The Differential Moderating Effect of Executive Compensation on Innovation Investment and Cash Holding Value in China

The Differential Moderating Effect of Executive Compensation on Innovation Investment and Cash Holding Value in China

Green R & D investment, ESG reporting, and corporate green innovation performance

Military Experience and Individual Entrepreneurship—Imprinting Theory Perspective: Empirical Evidence From China

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